ODIGO DM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
ODIGO DM
NACE 18.120, Other printing
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€961,656
2025 · €662,869-€1.6m
Equity
€3.3m
2025 · €4.1m-€839,243
Cash
€10,526
2025 · €96,145-€85,619
Balance sheet total
€15.4m
2025 · €13.5m+€2.0m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+35.6%), from €6.8m to €9.3m
of which Trade receivables: +€3.1m
- Stocks and contracts -€704,415
down €704,415 (-30.2%), from €2.3m to €1.6m
of which Stocks: -€836,826
- Deferred charges and accrued income +€585,427
up €585,427 (+349%), from €167,830 to €753,257
- Financial fixed assets -€419,221
down €419,221 (-92.2%), from €454,499 to €35,278
of which Affiliated companies: -€419,221
- Intangible fixed assets +€303,917
up €303,917 (+690%), from €44,049 to €347,966
Equity and liabilities
- Trade debts +€2.8m
up €2.8m (+141%), from €2.0m to €4.8m
- Short-term financial debts +€1.5m
up €1.5m (+408%), from €368,216 to €1.9m
- Reserves -€839,243
down €839,243 (-34.3%), from €2.4m to €1.6m
of which Distributable reserves: -€839,243
- Other debts -€828,035
down €828,035 (-28.5%), from €2.9m to €2.1m
- Current portion of long-term debt -€658,255
down €658,255 (-58.3%), from €1.1m to €471,391
Income statement
- Turnover +€4.0m
up €4.0m (+20.8%), from €19.1m to €23.1m
- Goods and materials +€3.9m
up €3.9m (+47.7%), from €8.3m to €12.2m
of which Purchases: +€3.2m
- Financial income -€1.0m
down €1.0m (-90.9%), from €1.1m to €100,119
- Write-downs +€396,653
up €396,653, from -€92,844 to €303,810
- Services and other goods +€348,695
up €348,695 (+8.5%), from €4.1m to €4.4m
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2025
€662,869
Turnover
+€4.0m
Other operating income
-€151,821
Goods and materials
-€3.9m
Services and other goods
-€348,695
Staff costs
+€29,819
Depreciation
-€148,487
Write-downs
-€396,653
Provisions
-€25,000
Other operating charges
+€27,510
Other operating items
+€349,279
Financial income
-€1.0m
Financial charges
+€4,269
Taxes
-€3
Result 2026
-€961,656
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€382,095
Investment
-€473,326
Financing
+€769,802
Cash 2025
€96,145
From operations (derived)
-€382,095
Net result for the year
-€961,656
Depreciation
+€739,192
Stocks and contracts
+€704,415
Receivables within one year
-€2.4m
Deferred charges and accrued income
-€585,427
Trade debts
+€2.8m
Tax, wage and social debts
+€161,224
Other debts
-€828,035
Accrued charges and deferred income
+€884
Investment (derived)
-€473,326
Investment in fixed assets (net)
-€473,326
Financing
+€769,802
Debts after one year
-€197,641
Current portion of long-term debt
-€658,255
Short-term financial debts
+€1.5m
Contributions, distributions and other
+€122,413
Cash 2026
€10,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,480,204 | €15,440,943 | +€2.0m | +14.5% |
| Fixed assets | 21/28 | €4,055,828 | €3,789,963 | -€265,866 | -6.6% |
| Intangible fixed assets | 21 | €44,049 | €347,966 | +€303,917 | +690% |
| Tangible fixed assets | 22/27 | €3,557,281 | €3,406,719 | -€150,562 | -4.2% |
| Plant, machinery and equipment | 23 | €1,798,868 | €1,949,200 | +€150,332 | +8.4% |
| Furniture and vehicles | 24 | €230,194 | €159,300 | -€70,894 | -30.8% |
| Leasing and similar rights | 25 | €1,448,219 | €1,298,219 | -€150,000 | -10.4% |
| Assets under construction and advance payments | 27 | €80,000 | - | -€80,000 | |
| Financial fixed assets | 28 | €454,499 | €35,278 | -€419,221 | -92.2% |
| Affiliated companies | 280/1 | €429,221 | €10,000 | -€419,221 | -97.7% |
| Participating interests | 280 | €429,221 | €10,000 | -€419,221 | -97.7% |
| Other financial fixed assets | 284/8 | €25,278 | €25,278 | = | 0.0% |
| Shares | 284 | €24,998 | €24,998 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €9,424,375 | €11,650,980 | +€2.2m | +23.6% |
| Stocks and contracts in progress | 3 | €2,332,846 | €1,628,431 | -€704,415 | -30.2% |
| Stocks | 30/36 | €2,245,062 | €1,408,236 | -€836,826 | -37.3% |
| Raw materials and consumables | 30/31 | €2,245,062 | €1,408,236 | -€836,826 | -37.3% |
| Contracts in progress | 37 | €87,784 | €220,195 | +€132,411 | +151% |
| Amounts receivable within one year | 40/41 | €6,827,554 | €9,258,766 | +€2.4m | +35.6% |
| Trade receivables | 40 | €3,161,774 | €6,242,295 | +€3.1m | +97.4% |
| Other amounts receivable | 41 | €3,665,780 | €3,016,471 | -€649,309 | -17.7% |
| Cash at bank and in hand | 54/58 | €96,145 | €10,526 | -€85,619 | -89.1% |
| Deferred charges and accrued income | 490/1 | €167,830 | €753,257 | +€585,427 | +349% |
| Total equity and liabilities | 10/49 | €13,480,204 | €15,440,943 | +€2.0m | +14.5% |
| Equity | 10/15 | €4,108,439 | €3,269,196 | -€839,243 | -20.4% |
| Contributions | 10/11 | €1,660,887 | €1,660,887 | = | 0.0% |
| Capital | 10 | €1,660,887 | €1,660,887 | = | 0.0% |
| Issued capital | 100 | €1,660,887 | €1,660,887 | = | 0.0% |
| Reserves | 13 | €2,447,553 | €1,608,310 | -€839,243 | -34.3% |
| Non-distributable reserves | 130/1 | €166,089 | €166,089 | = | 0.0% |
| Legal reserve | 130 | €166,089 | €166,089 | = | 0.0% |
| Distributable reserves | 133 | €2,281,464 | €1,442,221 | -€839,243 | -36.8% |
| Amounts payable | 17/49 | €9,371,765 | €12,171,746 | +€2.8m | +29.9% |
| Amounts payable after more than one year | 17 | €1,691,741 | €1,494,100 | -€197,641 | -11.7% |
| Financial debts | 170/4 | €1,691,741 | €1,494,100 | -€197,641 | -11.7% |
| Leasing and similar obligations | 172 | €1,229,841 | €1,030,385 | -€199,456 | -16.2% |
| Credit institutions | 173 | €461,900 | €463,715 | +€1,815 | +0.4% |
| Amounts payable within one year | 42/48 | €7,658,843 | €10,655,582 | +€3.0m | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €1,129,646 | €471,391 | -€658,255 | -58.3% |
| Financial debts | 43 | €368,216 | €1,871,500 | +€1.5m | +408% |
| Credit institutions | 430/8 | €368,216 | €1,871,500 | +€1.5m | +408% |
| Trade debts | 44 | €1,994,773 | €4,813,293 | +€2.8m | +141% |
| Suppliers | 440/4 | €1,994,773 | €4,813,293 | +€2.8m | +141% |
| Taxes, remuneration and social security | 45 | €1,260,176 | €1,421,401 | +€161,224 | +12.8% |
| Taxes | 450/3 | €37,461 | €4,853 | -€32,608 | -87.0% |
| Remuneration and social security | 454/9 | €1,222,715 | €1,416,548 | +€193,832 | +15.9% |
| Other amounts payable | 47/48 | €2,906,032 | €2,077,997 | -€828,035 | -28.5% |
| Accrued charges and deferred income | 492/3 | €21,181 | €22,065 | +€884 | +4.2% |
| Operating income | 70/76A | €20,282,996 | €24,445,850 | +€4.2m | +20.5% |
| Turnover | 70 | €19,080,329 | €23,054,396 | +€4.0m | +20.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€50,251 | €132,411 | +€182,663 | |
| Other operating income | 74 | €1,233,540 | €1,081,719 | -€151,821 | -12.3% |
| Non-recurring operating income | 76A | €19,377 | €177,324 | +€157,946 | +815% |
| Operating charges | 60/66A | €20,398,969 | €25,185,926 | +€4.8m | +23.5% |
| Goods for resale, raw materials and consumables | 60 | €8,250,901 | €12,185,021 | +€3.9m | +47.7% |
| Purchases | 600/8 | €8,421,935 | €11,652,005 | +€3.2m | +38.4% |
| Change in stocks: decrease (increase) | 609 | -€171,034 | €533,016 | +€704,050 | |
| Services and other goods | 61 | €4,081,312 | €4,430,007 | +€348,695 | +8.5% |
| Remuneration, social security and pensions | 62 | €7,453,561 | €7,423,742 | -€29,819 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590,705 | €739,192 | +€148,487 | +25.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€92,844 | €303,810 | +€396,653 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,000 | - | +€25,000 | |
| Other operating charges | 640/8 | €130,360 | €102,850 | -€27,510 | -21.1% |
| Non-recurring operating charges | 66A | €9,974 | €1,305 | -€8,670 | -86.9% |
| Operating profit (loss) | 9901 | -€115,974 | -€740,076 | -€624,102 | -538% |
| Financial income | 75/76B | €1,104,808 | €100,119 | -€1.0m | -90.9% |
| Recurring financial income | 75 | €1,104,808 | €100,119 | -€1.0m | -90.9% |
| Income from financial fixed assets | 750 | €888,204 | - | -€888,204 | |
| Income from current assets | 751 | €133,057 | €87,026 | -€46,032 | -34.6% |
| Other financial income | 752/9 | €83,547 | €13,094 | -€70,453 | -84.3% |
| Financial charges | 65/66B | €323,492 | €319,223 | -€4,269 | -1.3% |
| Recurring financial charges | 65 | €323,492 | €319,223 | -€4,269 | -1.3% |
| Debt charges | 650 | €211,893 | €185,049 | -€26,844 | -12.7% |
| Other financial charges | 652/9 | €111,599 | €134,174 | +€22,575 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €665,343 | -€959,179 | -€1.6m | |
| Income taxes | 67/77 | €2,473 | €2,476 | +€3 | +0.1% |
| Taxes | 670/3 | €2,473 | €2,476 | +€3 | +0.1% |
| Profit (loss) for the period | 9904 | €662,869 | -€961,656 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €662,869 | -€961,656 | -€1.6m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.